All Forum Posts by: Paul Moore

Hi @Li Ou. You have gotten some good answers above. One alternative if not accredited would be to get Series 65 license. Here is a link with more information: https://www.sec.gov/corpfin/amendments-accredited-investor-definition-secg. We know a few people who took this route. Good luck!

Hi @Victor Steffen great question and thread. Thank you for posting this. @Bruce D. Kowal is right and here is why…real estate prices tend to overshoot the market on the way up.

So when there is a boom, some real estate goes far above what it should in good times. As a result, it will likely go much farther down in bad times.

So in bad times it’s likely you will find incredible bargains.

Examples abound like Florida in 2008 or Phoenix and Las Vegas for that matter. It is likely that there will be opportunities again, in the likely coming downturn. However, I don’t think we will see a downturn like the Great Financial Crisis because there is still enormous demand in rental properties like single-family homes, especially in places like Florida, Phoenix, Las Vegas, etc, where people are moving. Good luck!

Hi @Josh Smith. I wrote a book on Storing Up Profits and I have done a bunch of videos on BiggerPockets regarding self-storage. You can get it on Amazon but there is a lot of bonus footage if you order from BP link. @Michael Wagner I have been wanting to connect with you for a long time. I appreciate all the stuff you do here on BiggerPockets. Feel free to PM me if you want to connect.

HI @Amanda Swetman. You got some great replies from the folks above. This is not what you asked, however I am going to throw another thought in: 

If you can find mobile home parks or certain RV parks, you can likely get more accelerated bonus depreciation than with other types of assets, multifamily, self-storage, etc. I am saying this in the event you work out a way to utilize these losses, per the comments above, and the fact that you are going to continue to do this for years into the future. Good luck and reach out to me if I can help in any way!

Hi @Logan Stralka! Read The Hands-Off Investor by @Brian Burke--a great way to get the foundation started in commercial real estate. Find a mentor if you are able to. Read as many relevant books as you can. Try to network within a community of like-minded individuals who can help you grow. Left Field Investors, founded by Jim Pfeifer, has a great group that you may want to look into. Good luck!

Hi @Brad Stallings! I think you have gotten some great answers above. A big factor is you need to consider: how active do you want to be in these investments. If you would like to be a passive investor, do your research on syndicators and their current offerings. This allows for diversification and little to no work on your end. The syndicators will have a lot more experience and run things for you. This may allow you to learn more while still investing in the asset classes you want to know more about. Good luck!

Hi @Li. You have gotten some good answers above. One alternative if not accredited would be to get Series 65 license. Here is a link with more information: https://www.sec.gov/corpfin/amendments-accredited-investor-definition-secg. We know a few people who took this route. Good luck!

Hi @Amanda Swetman. You got some great replies from the folks above. This is not what you asked, however I am going to throw another thought in: If you can find mobile home parks or certain RV parks, you can likely get more accelerated bonus depreciation than with other types of assets, multifamily, self-storage, etc. I am saying this in the event you work out a way to utilize these losses, per the comments above, and the fact that you are going to continue to do this for years into the future. Good luck and reach out to me if I can help in any way!

Hi @Fata Pez. I would recommend reading The Hands-Off Investor by Brian Burke, as mentioned above. This is a great book and resource when entering into the commercial real estate market. I would also recommend trying to connect with a network that has a lot of knowledge and experience. BiggerPockets is a great start as there are a lot of great folks on here who can help you learn and expand your knowledge. Finally, if you have the time and money, I would recommend getting a mentor to help guide you. If you want a recommendation, feel free to PM me and I will be happy to share some potential connections with you. Good luck!

Hi @Justin Schrey

I recommend you join a great community first. You may want to consider Left Field Investors . This is a group of passive investors who are providing great advice and assisting each other in their investments.

You can also try the The Private Investor Club which is part of the Real Estate Crowdfunding Review. You will find a lot of other investors who are in a similar situation to yours and hopefully you will make a great investment decision. Good luck!